Australia's Redstone jumps on option to buy Canadian lithium projects

Redstone Resources

10/07/2023 07:05

** Shares of copper miner Redstone Resources  RDS.AX  jump
14.3% to A$0.008, marking their biggest intraday pct gain since
July 3 
    ** RDS secures option to acquire Radisson East and Sakami
lithium projects in Quebec, Canada
    ** Says acquiring projects is part of strategy to increase
battery minerals exposure
    ** RDS did not disclose a deal value
    ** Stock down 12.5% this year, as of last close
    

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))